Lefroy Exploration Ltd. · ASX:LEX
Lefroy Exploration — RIU Sydney Conference 2026
22 slides from Lefroy Exploration's conference presentation, May 6, 2026
Slide 1: Produce Convert Discover
Produce Convert Discover RIU Investor Presentation 6 May 2026 ASX:LEX
Slide 2: Disclaimer
Disclaimer This presentation contains summary information about Lefroy Exploration Limited (LEX) and is current as of the cover date. It does not represent an offer of securities for subscription or sale in any jurisdiction nor a securities recommendation. The information contained in this presentat
Slide 3: Lefroy's Strategy for Growth
Lefroy’s Strategy for Growth Discover Exploration and Discovery LEFROY EXPLORATION Convert Expand Gold Resource Produce Gold Production and Cash Base 3
Slide 4: Corporate Snapshot
Corporate Snapshot Board Of Directors: Excellence & Integrity Share Price (04 May 26): Shares on issue: Market Cap: David Kelly Non-Executive Chairman $0.16c 248M $39M Enterprise Value: Cash (30 Mar 2026): Graeme Gribbin Managing Director $37.6M $1.4M Tara French Shareholders: Non-Executive Director
Slide 5: Surrounded by Giants
Surrounded by Giants Big Companies, Big Assets, Big Producers • Large 635km2 contiguous tenement package in world-class Kalgoorlie mining district LEFROY EXPLORATION • Close to established and well serviced mining centres, with existing transport infrastructure, and nearby processing facilities • St
Slide 6: Rapid Resource Growth
BEYOND 1 MILLION OUNCES Rapid Resource Growth Mt Martin UPDATED MRE 9.1Mt @ 1.6g/t Au for 460,000 oz ▸ +4000m initial drilling for immediate expansion ▸ Scoping Study to Commence Lucky Strike Expanded Pit Stage 2 TOTAL MINERAL RESOURCES 1.27Mt @ 1.95g/t Au for 79koz ▸ Mining ongoing LEFROY EXPLORATI
Slide 7: Lucky Strike – Mine and Expand
Produce Lucky Strike Lucky Strike Mine and Expand 12 months from Lefroy positioned for self-funded growth commercial deal • Private mining contractor BML Ventures is to production responsible for all capital, operating costs, permits and approvals • No up-front expenditure contribution required of L
Slide 8: Lucky Strike – Expansion
Produce Lucky Strike – Expansion Lucky Strike Expanded Pit Stage 2 TOTAL MINERAL RESOURCES Lucky Strike 1.27Mt @ 1.95g/t Au for 79koz ▸ Mining ongoing Stage 2 ▸ Potential for deeper pit + south pit • Diamond and RC drilling targeting a deeper Stage 2 expanded pit at Lucky Strike complete. • Program
Slide 9: Lucky Strike – Expansion
Produce Lucky Strike – Expansion Lucky Strike Expanded Pit Stage 2 TOTAL MINERAL RESOURCES Lucky Strike 1.27Mt @ 1.95g/t Au for 79koz ▸ Mining ongoing Stage 2 ▸ Potential for deeper pit + south pit • Diamond and RC drilling targeting a deeper Stage 2 expanded pit at Lucky Strike complete. • Outstand
Slide 10: Mt Martin Set for Major Growth
Mt Martin Mt Martin UPDATED MRE Convert 9.1Mt @ 1.6g/t Au for 460,000 oz Mt ▸ +4000m initial drilling for immediate Martin Set for Major Growth expansion ▸ Scoping Study to Commence • Located of freehold Location 45 property • 35km southwest of Kalgoorlie • Proximal to existing Haulage and Milling i
Slide 11: Mt Martin Resource Update – Drilling Underway
Mt Martin Mt Martin UPDATED MRE Convert 9.1Mt @ 1.6g/t Au for 460,000 oz Mt ▸ +4000m initial drilling for immediate Martin Resource Update – Drilling Underway expansion ▸ Scoping Study to Commence • Updated Mineral Resource Estimate (May 2026) • Previous MRE Update completed 2024 • Material below 20
Slide 12: Mt Martin Resource Update – Drilling Underway
Mt Martin Mt Martin UPDATED MRE Convert 9.1Mt @ 1.6g/t Au for 460,000 oz Mt ▸ +4000m initial drilling for immediate Martin Resource Update – Drilling Underway expansion ▸ Scoping Study to Commence • Updated Mineral Resource Estimate (May 2026) • Previous MRE Update completed 2024 • Material below 20
Slide 13: Mt Martin Drilling Underway
Mt Martin Mt Martin UPDATED MRE Convert 9.1Mt @ 1.6g/t Au for 460,000 oz Mt ▸ +4000m initial drilling for immediate Martin Drilling Underway expansion ▸ Scoping Study to Commence • Resource Growth Drilling Underway • Initial 4000m RC • Targeting shallow resource extension potential on Main, East and
Slide 14: Burns Central – High Grade
Burns Central – High Grade Burns Central (Au) and Regional HIGH GRADE 4.22Mt @ 1.18 g/t Au for 159,285 oz Within a TOTAL MINERAL RESOURCES Discover Significant shallow high-grade Au zone 42.96Mt @ 0.36g/t Au for 497koz contained Au and 58kt Cu Burns ▸ Untapped potential extending 4km north of Burns
Slide 15: Burns Central – High Grade
Burns Central – High Grade Burns Central (Au) and Regional HIGH GRADE 4.22Mt @ 1.18 g/t Au for 159,285 oz Within a TOTAL MINERAL RESOURCES Discover 42.96Mt @ 0.36g/t Au for 497koz contained Au and 58kt Cu Burns Significant shallow high-grade Au zone ▸ Untapped potential extending 4km north of Burns
Slide 16: Burns Central – Targeting High-Grade Core
Burns Central Burns Central (Au) and Regional HIGH GRADE 4.22Mt @ 1.18 g/t Au for 159,285 oz Within a TOTAL MINERAL RESOURCES Discover 42.96Mt @ 0.36g/t Au for 497koz contained Au and 58kt Cu Burns Targeting High-Grade Core (Jan 2026) ▸ Untapped potential extending 4km north of Burns Central Central
Slide 17: Greater Burns Area Upside
Greater Burns Area Upside Discover Burns Multiple shallow targets over 4km Central (Au) potential to host additional high-grade zones and Regional • Quimby Fault corridor interpreted to control position of high-grade Au corridor at Burns Central • 4km Northwest striking magnetic trend extending nort
Slide 18: Activities Timeline FY26
Activities Timeline FY26 Lucky Strike Mine Lucky Strike U N DERWAY Mine Q2 2026 2026 Exploration Targets Burns Deposit Eastern Lefroy Additional toll Ongoing Mining Q4 2026 Q3 – Q4 2026 milling negotiations Lucky Strike (Fully funded by BML) Geophysics, Geochem and drill Multiple targets in greater
Slide 19: Investment Highlights
Investment Highlights LEFROY EXPLORATION FUND GROWTH via EXPAND +1M Oz Gold EXPLORATION and Production at Lucky Strike Resource base centered DISCOVERY to unlock and Future Profit Share on Mt Martin and Burns potential of the Lefroy Gold cash distributions Project 19
Slide 20: Thank You
Thank You Level 3, 7 Rheola St, West Perth WA 6005 Australia +61 08 9321 0984 lefroyex.com
Slide 21: Appendices
Appendices
Slide 22: Total Indicated & Inferred Resources
Total Indicated & Inferred Resources Gold Indicated Inferred Total Resource Deposit Mt Au (g/t) Oz Mt Au (g/t) Oz Mt Au (g/t) Oz Red Dale1 0.64 1.21 24,660 0.03 0.60 570 0.67 1.18 25,230 Lucky Strike1 0.70 1.93 43,400 0.57 1.97 36,200 1.27 1.95 79,600 Mt Martin2 3.89 1.6 200,500 5.2 1.6 259,500 9.1